Question

36. Building acquired in satisfaction of a claim is shown by a bank under(a) Fixed assets(b) Current assetsle) Other assets(d) Contingent assets​

Answer 1

Answer:

A

building is a fixed assets

Answer 2

Answer:

a) Fixed assets

Step-by-step explanation:

Fixed assets can include buildings, computer equipment, software, furniture, land, machinery, and vehicles. For example, if a company sells produce, the delivery trucks it owns and uses are fixed assets. If a business creates a company parking lot, the parking lot is a fixed asset.